NRIs Urged to Focus on Long-Term Investment in India
Experts advised non-resident Indians (NRIs) investing in India to focus on the bigger picture rather than reacting to short-term events or market fluctuations. Speaking at the 42nd annual international conference organized by the Institute of Chartered Accountants of India (ICAI) Dubai chapter, industry leaders emphasized the importance of patience and long-term vision when investing in Indian markets.
Vijay Kedia, founder of Kedia Securities, expressed optimism about India’s market outlook, stating that any recent corrections were temporary, and the market is poised for new highs, especially after the budget. He urged investors not to get caught up in individual events like state elections or the Adani controversy, as such issues are part of the daily ebb and flow of the market.
Radhika Gupta, CEO of Edelweiss AMC, echoed similar sentiments, urging investors to “ignore the short-term dramas” and stay invested in India’s long-term growth story. She highlighted the emergence of new local brands across various sectors, such as branded saris and F&B, which were previously unorganized industries.
Varun Daga, co-founder of Girik Capital, emphasized that India’s economy is generating significant job opportunities across sectors. He noted that industries like food alone have created millions of jobs, and there are numerous untapped sectors offering potential for growth. Daga encouraged investors to focus on their own strategies and avoid following tips or rumors.
The conference also touched on India’s evolving mutual fund industry, with Daga noting the tremendous growth of equity investments through disciplined mutual funds, creating a promising future for investors. The stable government and growing market in India were cited as key factors driving optimism among NRIs in the UAE, with many looking to the future for even greater opportunities.
